India Financial News

Subscribe to enjoy similar stories. After facing persistent selling pressure in the past sessions, the Indian stock market staged a strong recovery on Wednesday, bringing much-needed relief to investors. The benchmark indices closed on a positive note, signalling renewed optimism and a shift in sentiment.

Subscribe to enjoy similar stories. India’s benchmark stock market index, Nifty 50, ended its 10-day losing streak with a broad-based rebound, closing up 1.2% at 22,337. All sectoral indices posted gains, signalling widespread buying interest.

oversold market after early indications that the US may soften its stance on trade tariffs. The NSE Nifty gained 1.15%, or 254 points, to finish at 22,337. The BSE Sensex rose 1.01%, or 740 points, to close at 73,730.

equity derivatives contracts to Monday from the long-established Thursday. A look at what could have prompted the country's largest exchange to alter them. Which are the contracts NSE has changed the expiry day?

Subscribe to enjoy similar stories. New Delhi: Meta Platforms Inc and Google’s parent Alphabet Inc have raised concerns about Indian rules barring tech giants from monitoring internet browsing by children under 18 as it will make safety filters ineffective, according to three executives privy to the discussions. “The DPDP Act’s rules include an exemption that allows social media intermediaries to use the age of a user as part of the data that the platform can use to identify them.

Subscribe to enjoy similar stories. Mumbai: JioStar will lay off more than 1,100 employees as the newly formed joint venture between Reliance Industries Ltd's Viacom18 and The Walt Disney Co.'s India unit cuts overlapping roles following the merger, said multiple people aware of the development. “The departures started a month ago, and they are not ending anytime soon," said one of the people quoted above.

Karoline Leavitt, 27, made history by becoming the youngest White House Press Secretary's office under Donald Trump. Her appointment did not only show her rapid political ascent but also brought attention to her personal life. Notably, on her marriage to real estate developer Nicholas Riccio, who is 32 years her senior.

Radisson Hotel Group and the chain should aim to have 500 hotels in the country by 2030, its executive vice chairman, Federico J Gonzalez, told ET in an exclusive interview. «India should be our number one country in the world in terms of number of hotels. The economic growth in India is significant. But, besides the economic growth and the growth in population and infrastructure, the ambition and dynamism of Indians is one of a kind,» said Gonzalez. «Everybody you meet here wants to do more and wants to grow. I think when we see that kind of mindset in a country, we need to make sure we maximise the growth,» he said. «Do we have a plan to get to 500 hotels in India by 2030? No. But, should we have the ambition to do this, considering the pace at which India is growing? Absolutely, yes.» Gonzalez said the efforts being put in place by the government to improve infrastructure and government plans to develop 50 tourist destinations can be key growth drivers for the Belgium-headquartered chain. Radisson Hotel Group said on Monday its strategy is to have 240 hotels in operation and under development in India by the end of 2025, driven by a «strategic focus» on tier-two and three markets and the increasing demand for luxury lifestyle and midscale accommodations.

This economic dynamism has not only increased the billionaire count but has also spurred the growth of high-net-worth individuals (HNIs), further strengthening India's luxury property markets including Mumbai, Delhi and Bengaluru. With 191 billionaires, India now ranks third globally in billionaire wealth, behind only the US and China. A total 26 individuals joined the billionaire club in just the last year, a stark contrast to the mere seven additions recorded in 2019, showed the Knight Frank global wealth report.

Expressing concern: The Supreme Court on Wednesday expressed concern over ego clashes between IAS and IPS/IFS (forest service) officers. Speaking from his experience as a government lawyer and a judge for over two decades, senior SC Judge BR Gavai shared with solicitor general Tushar Mehta that there has always been a «conflict» between them. Justice Gavai said that IAS officers always show their «supremacy» over IPS and IFS officers. The development took place during a hearing pertaining to the omnibus forest protection matter. Displeasure with High Court The Supreme Court has recorded its displeasure with the way certain orders are passed by the Allahabad High Court. A bench headed by justice Abhay Oka on Wednesday disapproved of the way a revision appeal was decided by the high court. Remanding the case back to the Lucknow bench of HC for reconsideration, the top court directed the high court to call for the trial court record before deciding the matter. In January, another bench headed by justice Surya Kant had observed that the functioning of Allahabad High Court has been «worrisome». The bench had also observed that the filing and listing of cases in the Allahabad HC had «collapsed».

clinical research organisations in India will have to get registered with the country's drug regulatory authority by April 1, in what could bring more transparency and accountability to the clinical research industry in India. Online registration of clinical research organisations is now functional on the SUGAM portal, the Drug Controller General of India (DCGI) said in an order dated March 4. Applications for registration should be submitted only through the SUGAM portal, it said.

Subscribe to enjoy similar stories. Bulls bounded back into the reckoning on Wednesday after 10 long days of decline, shored up by comebacks from auto, IT and FMCG stocks, and a fall in the value of the US dollar to a three-month low. The recovery ended the longest losing streak witnessed by benchmark Nifty 50, its worst in more than 25 years.

Bitcoin backpedaled on Monday after an early rise following U.S. President Donald Trump's weekend proposal for a national strategic reserve of cryptocurrencies. Optimism on digital currency after Trump's Sunday post on Truth Social turned to caution as market participants awaited more details about this crypto initiative.

markets regulator Sebi's recent directive on minimum information has many inconsistencies and is «laughable», former Sebi chairman M Damodaran said on Wednesday. Addressing an event organized by the Institute of Internal Auditors here, Damodaran said we will not be able to see good governance at companies if there are prescriptive arrangements, and advocated that such practices come from within. He quipped that the February 14 directive on industry standards on minimum information to be provided for review by the audit committee and shareholders for approval of a related party transaction is a «very elaborate» document.

Chennai Super Kings (CSK) captain Ruturaj Gaikwad opened up on how legendary five-time IPL-winning and World Cup-winning Indian skipper MS Dhoni approached him for captaincy ahead of the previous season and assured him that he will be getting to make his own calls. CSK will be kickstarting their upcoming IPL season against arch-rivals and five-time champions Mumbai Indians (MI) at Chennai on March 23. Last year, under Gaikwad's captaincy, CSK failed to defend their title, finishing at fifth spot with seven wins and seven losses, with 14 points. They missed out on the playoffs spot on basis of net-run-rate. Speaking exclusively on JioHotstar on CSK's leadership transition, the experts and the skipper himself said: Gaikwad said, «Just a week before the tournament last year, MS Dhoni came up to me and said, 'I am not leading this year--you are.' I was taken aback, asking, 'From the first game? Are you sure?' With just a few days to prepare, it was overwhelming. But he assured me, 'This is your team. You make your own decisions. I would not interfere--except when field placements are a 50-50 call. Even then, it is not a compulsion to follow my advice. That trust meant a lot to me.»

digital ecosystem, said Unique Identification Authority of India Director S M D Jeelani here on Wednesday. Jeelani inaugurated Bengaluru-based forensics-driven cybersecurity company SISA's Cybersecurity Centre of Excellence Lab at Dayananda Sagar University (DSU). «The lab is a step in the right direction-a critical step in shaping a new generation of cyber leaders who can play a key role and offer out-of-the-box thinking and expertise to protect our digital ecosystem,» said Jeelani.

The agency estimated Indian steel may see a price correction of about 3,000 rupees ($34.52) per ton. Local steelmakers have been battling a rising influx of discounted steel, with intake from China, South Korea and Japan hitting a record high in first 10 months of the current fiscal.

Tata Electronics will set up a display chip manufacturing unit in Gujarat in partnership with Taiwan-based PSMC and Himax Technologies, a top official of the company said on Wednesday.

Collins Aerospace, an RTX group company, has invested $25 million for a new engineering development and test centre in Bengaluru, its largest facility outside the US. “The 50,000 sq ft lab facility streamlines product development, testing, and certification of components locally … It is also a fresh investment beyond the $200 million we have committed over the last 4-5 years,” said Savyasachi Srinivas, vice president of global engineering & technology centres at Collins Aerospace. The US-based company also has a 30,000-sq-ft electronics lab dedicated to testing. “In all there would be four labs, including in Hyderabad and Bengaluru, which also houses two factories,” Srinivas told ET.

trade and commercial ties with India has urged both countries to focus on normalising trade and business relationship between them for the welfare of the people of both sides. In a letter to the Pakistan-India Joint Business Forum (PIJBF) Wednesday, the Pak-India Business Council chairman Noor Muhammad Kasuri asked it to play its due role in creating circumstances where the two countries may save approximately USD 10 billion in the fields of energy sector, petroleum products, raw material for pharmaceutical industry, consumers' goods, cotton items and infrastructure development. He said the businessmen of both countries suffered due to passive ties for the last six years. «Strenuous efforts should be made to create a conducive atmosphere where businessmen of both the countries may avail trade and business opportunities present in their respective countries,» he said.

Railway Board has decided that all departmental promotion examinations will now be through centralised examinations. According to officials aware of the development, only Computer Based Tests (CBT) will be undertaken and all zonal railways will have to make a calendar for the examinations. The Railway Recruitment Board (RRB) will be empowered to conduct these exams as well. “A high-level meeting has taken the decision to switch to centralised exams for promotions,” a senior official told ET while adding that question papers will be in highly encrypted form (256-bit encryption). These steps have been taken after the Central Bureau of Investigation (CBI) unearthed a departmental examination paper leak scam under the East Central Railway (ECR) at Mughal Sarai. The agency has arrested 26 Railway officials, including 17 aspirants, in the case this week and recovered Rs. 1.17 crore in cash. These amounts were reportedly collected from candidates for leaking the question papers.